Industrial Burner Market is expected to foresee significant growth. Asia- Pacific is expected to lead the growth!
- Vikas Kumar
- July 30, 2022
- ENERGY & POWER, NEWS
- Industrial Burner Market, Industrial Burner Market Forecast, Industrial Burner Market Growth, Industrial Burner Market Share, Industrial Burner Market size, Industrial Burner Market Trend
- 0 Comments
The Industrial Burner Market is expected to register a CAGR of around 6% during the forecast period 2021-2027F. This is mainly due to the emerging government strategy for lessening carbon emissions and considerable growth in the mining and petrochemical sector. Furthermore, the increase in industrialization across the globe drives the demand for industrial burners. Moreover, the pandemic has led to massive losses in this sector due to the termination of manufacturing units due to the strict rules during lockdown leading to a decline in production, which automatically lead to a reduction in the demand for the industrial burner.
There are many applications in which an industrial burner is used: automotive, food processing, glass, petrochemical, etc. Technology advancement is one factor that helps boost the demand for the industrial burner as it helps in improving the operation and lowering the cost. Industrial burners come in a variety of shapes and sizes, depending on the technology and type of fuel used.
For a detailed analysis of the Industrial Burner Market browse through https://univdatos.com/report/industrial-burner-market/
Based on the temperature, the industrial burner market is classified into low temperature (< 1,400°F) and high temperature (> 1,400°F). High temperature is expected to have a prominent share in the market. These burners are often used in ceramics, metals and mining, glass, food and beverage, chemical, textile, and paper industries for forging various metals and heat treatment. The surge in demand for furnaces, ovens, kilns, and other heating equipment from the chemicals, food & drinks, metals & mining, glass, and textiles sectors in rising economies in the Asia Pacific, such as China and India, is primarily responsible for the market’s rise.
Based on end-users, the market is classified into petrochemicals, power generation, chemicals and specialty chemicals, metal, mining and minerals, pharmaceuticals, glass and ceramics, foods and beverages, and others. The power generation segment is set to have higher growth prospects and significant market growth across the globe. Industrial burners are used to generate high-pressure steam in boilers in gas turbine-based power plants, steam power plants, coal fire power plants, and diesel fire power plants. Power demand is increasing, necessitating the need for greater power generation. As a result of this, as well as the necessity to replace and update older power plants, combined cycle gas turbine power plants are now widely used.
Request for Sample of the report browse through https://univdatos.com/get-a-free-sample-form-php/?product_id=23182
For a better understanding of the market adoption of the industrial burner market, the market is analyzed based on its worldwide presence in the countries such as North America (US, Canada, and the rest of North America); Europe (Germany, UK, France Italy, Spain, and Rest of Europe); Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific), and Rest of World. The Asia Pacific is anticipated to record a remarkable share in the market and is estimated to progress at a considerable pace in the global market during the forecast period, as a result of industrialization, which has fueled demand for industrial burners across the region.
Some of the major players operating in the market include Limpsfield Combustion Engineering Ltd., Maxon Corporation (Honeywell International, Inc.), Mitsubishi Hitachi Power Systems, Ltd., Oilon Oy., ALZETA Corporation, Andritz AG., Bloom Engineering Company, Inc, Forbes MarshallOsaka Gas Co., Ltd., Selas Heat Technology Company, Weishaupt Group
Industrial Burner Market Segmentation
Market Insight, by type
- Regenerative Burners
- Thermal Radiation
- Flat Flame Burners
- Radiant Burners
- Line Burners
- Customized Burners
Market Insight, by temperature
- Low temperature (< 1,400°F)
- High temperature (> 1,400°F)
Market Insight, by end-user
- Power Generation
- Chemicals And Specialty Chemicals
- Metal, Mining, And Minerals
- Glass And Ceramics
- Foods And Beverages
Market Insight, by automation
Market Insight, by fuel type
Market Insight, by Region
- North America
- Rest of North America
- Rest of Europe
- Rest of Asia-Pacific
- Rest of the World
Top Company Profiles
- Limpsfield Combustion Engineering Ltd.
- Maxon Corporation (Honeywell International, Inc.)
- Mitsubishi Hitachi Power Systems, Ltd.
- Oilon Oy.
- ALZETA Corporation
- Andritz AG.
- Bloom Engineering Company, Inc
- Forbes MarshallOsaka Gas Co., Ltd.
- Selas Heat Technology Company
- Weishaupt Group